by Myers Jackson | Sep 10, 2022 | Terms
Carrying Charges The costs involved in holding a property that is intended to produce income (either by sale or rent) but has not yet done so, i.e., insurance, taxes, maintenance, management. Also known as “holding costs”. For all active auctions, and...
by Myers Jackson | Sep 10, 2022 | Terms
Tax Sale Public sale of property at auction by governmental authority due to nonpayment of property taxes. For all active auctions, and properties for sale CLICK THIS BUTTON Contact Get InTouch Email: 411@myersjackson.com Phone: +1-844-400-2828 Phone...
by Myers Jackson | Sep 10, 2022 | Terms
Caravan Auctions A series of on-site auctions advertised through a common promotional campaign. Auctioneers successfully use caravan auctions to drive from place to place selling different types of real property. There will be different structures, dwellings, homes,...
by Myers Jackson | Sep 10, 2022 | Terms
Memorandum Also referred to as a “Bidder Acknowledgment,” or “Broker Acknowledgment,” the memorandum is signed by those parties either on the auction floor or in the contract room. Auctioneers will post prior to the auction a document called the “memorandum of bid“ or...
by Myers Jackson | Sep 10, 2022 | Terms
Buyer’s Premium An advertised percentage of the high bid or flat fee added to the high bid to determine the total contract price to be paid by the buyer. A buyers premium was first used in England by what some people say was CRISTI‘s Auction house. This was a fee that...
